{"id":81637,"date":"2022-05-25T00:13:03","date_gmt":"2022-05-25T04:13:03","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81637"},"modified":"2022-05-24T22:46:18","modified_gmt":"2022-05-25T02:46:18","slug":"snaps-warning-sends-shock-across-digital-advertising-as-investors-flee-social-media-stocks","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2022\/snaps-warning-sends-shock-across-digital-advertising-as-investors-flee-social-media-stocks.html","title":{"rendered":"Snap\u2019s warning sends shock across digital advertising as investors flee social media stocks"},"content":{"rendered":"\n<p>(CNBC) Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, and stock prices were getting hammered. That was all before <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/SNAP\" target=\"_blank\">Snap<\/a> CEO Evan Spiegel <a href=\"https:\/\/www.cnbc.com\/2022\/05\/23\/snap-shares-fall-as-ceo-says-company-will-miss-revenue-and-earnings-estimates-plans-to-slow-hiring.html\">warned<\/a> late Monday of an environment that\u2019s worsened since his company reported quarterly results in April, when guidance was already disappointing.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/05\/24\/snap-warning-shocks-digital-media-stocks-facebook-pinterest-drop.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81637","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81637"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81637\/revisions"}],"predecessor-version":[{"id":81638,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81637\/revisions\/81638"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}